Month: February 2018

Given the requirement of 26.5 million affordable housing units in India and project execution challenges and shortage of human resources, the traditional 'brick and mortar' construction is giving way to prefab structures and materials. Prefab technologies can be used to build homes quickly and cost-effectively, especially as traditional construction costs continue to rise. As the cost of borrowing is steep and developers are facing a liquidity crunch, time means money. Modular construc...

In contrast to developments in the corporate office space, demand for residential space remained subdued during January–March 2016 period. Despite price movements remaining stable, home buyers' demand remained low in recent months due to existing high price points coupled with a cautious buyer sentiment. In many ways, the year 2015 was a defining one for the residential real estate segment in India. This was the period when the market began to evolve, along with customer expectations as well as ...

Amenities are an important part of any real estate project, which builders use to woo home buyers. While some amenities are essential, like a security system, elevators, etc., property sellers may, at times, also highlight amenities to hide flaws in the project flaws or to propel the sales momentum. Pankaj Bajaj Eldeco says that choosing a developer well should be the cardinal rule for home buyers. They shouldn’t get lured by euphuistic promises.
Each buyer’s need is unique, points ou...

Real Estate is expecting major growth spurts in tier-II cities like Jaipur, Ahmedabad, Chandigarh, Bhubaneswar, Coimbatore, Indore, Nagpur, Vadodara and Visakhapatnam in India. Real estate experts believe that tier-II cities actually do have hope for growth and are best for investment and buying homes at affordable pricing. It’s not a bubble there neither a frothy story.
Eldeco MD Pankaj Bajaj and President of CREDAI-NCR says:
“There is an inherent demand in these markets. The prices have ...

The coming of RERA (Real Estate Regulation and Development Act) in the year 2017 had caused a major stir in the real estate market. Some call it a boon for the real estate industry others claim that it’s entirely buyer oriented, which would make it strictly one-sided. Delayed and defaulted projects are considered the biggest concerns in the holistic development of the real estate sector. Due to no regulatory authority present earlier on and no rules to enforce the builder-buyer clash primarily a...